In this conversation from today’s “The Ben Mulroney Show”, Ben and noted economist Dr. Eric Kam discuss the economic challenges facing Tesla, the rise of cheaper alternatives in the market, and the bankruptcy of Del Monte.
Shares of Elon Musk’s electric vehicle maker plunged more than 14 per cent last month in a stunning wipeout, as investors dumped holdings amid a bitter war of words between the president and the world’s richest man. By the end of the trading day, US$150 billion of Tesla’s value had been erased, more than what it would take to buy all the shares of Starbucks and hundreds of other big publicly traded U.S. companies.